Rand Paul: Audit the Fed

Senator follows in father's footsteps by refiling legislation

Published: 02/05/2013 at 3:50 PM

(POLITICO) Following his father’s crusade, Sen. Rand Paul (R-Ky.) has refiled legislation that would require an expansive audit of the Federal Reserve.

The proposed audit of the bank that oversees the nation’s monetary system has been a longtime crusade of Ron Paul and became a banner issue during his unsuccessful 2012 presidential campaign. He argued that the Fed was responsible for manipulating currency and damaging the economy. Ron Paul was able to persuade Mitt Romney and Newt Gingrich to also support an audit.

The audit has become a rallying cry for Ron Paul’s supporters and seen more public support since it was made a central part of his 2012 race.